1.

Record Nr.

UNINA9910788523503321

Autore

Berger Helge

Titolo

Central Bank Boards Around the World : : Why Does Membership Size Differ? / / Helge Berger, Tonny Lybek, Volker Nitsch

Pubbl/distr/stampa

Washington, D.C. : , : International Monetary Fund, , 2006

ISBN

1-4623-0236-X

1-4527-8746-8

1-282-44792-0

1-4519-0994-2

9786613821126

Descrizione fisica

1 online resource (48 p.)

Collana

IMF Working Papers

Altri autori (Persone)

LybekTonny

NitschVolker

Soggetti

Banks and banking, Central

Monetary policy

Banks and Banking

Foreign Exchange

Banks

Depository Institutions

Micro Finance Institutions

Mortgages

Central Banks and Their Policies

Banking

Currency

Foreign exchange

Central bank autonomy

Exchange rate arrangements

Floating exchange rates

Central bank organization

Banks and banking

United Kingdom

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

"December 2006."



At head of title: Monetary and Capital Markets Department.

Nota di bibliografia

Includes bibliographical references (p. 43-46).

Nota di contenuto

""Contents""; ""I. INTRODUCTION""; ""II. POSSIBLE DETERMINANTS OF CENTRAL BANK BOARD SIZE""; ""III. EMPIRICAL ANALYSIS""; ""IV. CONCLUSIONS""; ""APPENDIXES ""; ""REFERENCES""

Sommario/riassunto

This paper analyzes empirically differences in the size of central bank boards across countries. Defining a board as the body that changes monetary instruments to achieve a specified target, we discuss the possible determinants of a board's size. The empirical relevance of these factors is examined using a new dataset that covers the de jure membership size of 84 central bank boards at the end of 2003. We find that larger and more heterogeneous countries, countries with stronger democratic institutions, countries with floating exchange rate regimes, and independent central banks with more staff tend to have larger boards.